Singapore: Wadding Market 2024

Wadding Market Size in Singapore

For the fifth consecutive year, the Singaporean wadding market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption saw a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Wadding Production in Singapore

In value terms, wadding production shrank to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Wadding production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Wadding Exports

Exports from Singapore

In 2022, overseas shipments of wadding decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, wadding exports expanded significantly to $X in 2022. Over the period under review, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Vietnam (X tons) and Papua New Guinea (X tons) were the main destinations of wadding exports from Singapore, with a combined X% share of total exports. Sri Lanka, China, the United Arab Emirates, Japan, Fiji, Pakistan, South Korea and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Papua New Guinea ($X) appeared to be the largest markets for wadding exported from Singapore worldwide, together comprising X% of total exports. Sri Lanka, China, Japan, Fiji, Pakistan, the United Arab Emirates, Malaysia and South Korea lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wadding export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wadding Imports

Imports into Singapore

In 2022, overseas purchases of wadding decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, wadding imports rose rapidly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of wadding imports to Singapore, with a combined X% share of total imports. Malaysia, Japan, Thailand and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Thailand ($X) and China ($X) appeared to be the largest wadding suppliers to Singapore, with a combined X% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wadding import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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